Upward until market can not sustain at current level. Everyone knows the shortage of housing and strong demand from high tech industry will push the home prices more.
Just because west & central side of the Santa Clara County have surpassed historically high, there are still many neighborhoods have not still max out yet.
There are plenty of investors who are happy with 3-4% cap rate. Many seem to have forgotten that rentals in the past always ran negative cash flow. There was never a shortage for an investment home since tax write off was useful to offset hefty income from many.... more